Under $300K Investment Properties for Sale in Grand Marais, MI
165- 1 Bed
- 1 Bath
- 680 sft
27- 1 Bed
- - Bath
- 576 sft
182- 2 Bed
- 1 Bath
- 862 sft
115- 3 Bed
- 1 Bath
- 2100 sft
103- 4 Bed
- 2 Bath
- 1797 sft
135- 3 Bed
- 1 Bath
- 1110 sft
109- 5 Bed
- 3 Bath
- 2061 sft
117- 2 Bed
- 1 Bath
- 1112 sft
105- 3 Bed
- 2 Bath
- 1232 sft
142- 3 Bed
- 2 Bath
- 1850 sft
131- 2 Bed
- 1 Bath
- 1143 sft
104- 2 Bed
- 1 Bath
- 924 sft
129- 2 Bed
- 2 Bath
- 1252 sft
138- 2 Bed
- 1 Bath
- 1020 sft
- 3 Bed
- 2 Bath
- 1275 sft
117- 2 Bed
- 1 Bath
- 960 sft
103- 2 Bed
- 1 Bath
- 704 sft
96- 2 Bed
- 1 Bath
- 672 sft
92- 1 Bed
- 1 Bath
- 700 sft
111- 2 Bed
- 1 Bath
- 937 sft
125- 3 Bed
- 2 Bath
- 1520 sft
133- 3 Bed
- 1 Bath
- 966 sft
133- 3 Bed
- 1 Bath
- 2120 sft
343- 5 Bed
- 3 Bath
- 1810 sft
128- 3 Bed
- 2 Bath
- 1600 sft
135- 3 Bed
- 1 Bath
- 1048 sft
125- 1 Bed
- 1 Bath
- 600 sft
Why Invest in Grand Marais, Michigan?
Investing in Grand Marais, MI with properties under $300K offers a unique opportunity to tap into a stable rental market with solid cap rates and growing rental yields. The area boasts an average ROI of around 8%, supported by an average rental yield near 6% and steady appreciation. This affordability coupled with decent cash flow potential makes it attractive for investors looking to diversify in smaller Michigan markets. The renter-occupied rate is healthy, indicating a consistent demand for rental properties, especially in scenic and recreational communities like Grand Marais.
Frequently Asked Questions
Properties under $300K in Grand Marais typically include single-family homes, small cabins, and condos that are well-suited for rental investments or vacation homes. These affordable options attract investors seeking entry-level opportunities.
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